Stock Monitor: Daqo New Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 02, 2018 / Active-Investors.com has just released a free earnings report on Entegris, Inc. (NASDAQ: ENTG). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENTG. The Company reported its fourth quarter fiscal 2017 and the full fiscal year 2017 operating and financial results on February 06, 2018. The fourth quarter marked the Company's fifth consecutive record quarter, capping the most successful year in Entegris' 51-year history. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Daqo New Energy Corp. (NYSE: DQ), which also belongs to the Technology sector as the Company Entegris. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=DQ

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Entegris most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ENTG

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, Entegris' sales advanced 14% to $350.56 million compared to $308.50 million in Q4 2016, achieving a growth across all three divisions, which was driven by demand for the Company's solutions in advanced memory, logic, and mainstream semiconductor production. The Company's revenue numbers topped analysts' estimates of $340.7 million.

During Q4 2017, Entegris reported a net loss of $28.34 million, or $0.20 loss per diluted share, compared to a net income of $26.10 million, or $0.18 per diluted share, in Q4 2016. The Company's reported quarter results included an amortization of intangible assets of $11.0 million; a refinancing of senior notes of $20.7 million; and $66.7 million related to the effects of the Tax Cuts and Jobs Act 2017 (TCJA).

For Q4 2017, the purification and protection products and systems provider's non-GAAP net income was $59.7 million, or $0.42 per diluted share, compared to $34.3 million, or $0.24 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.37 per share.

For the full fiscal year 2017, Entegris reported sales of $1.34 billion, reflecting an increase of 14% compared to $1.18 billion in FY16.

For FY17, Entegris posted a net income of $85.1 million, or $0.59 per diluted share, which included amortization of intangible assets of $44.0 million; asset impairment charges of $13.2 million; severance expenses of $2.7 million; refinancing of senior notes of $20.7 million; and $66.7 million related to the effects of the TCJA. In FY16, the Company's net income was $97.1 million, or $0.68 per diluted share, including amortization of intangible assets of $44.3 million; asset impairment charges of $5.8 million; and severance expenses of $2.4 million.

Entegris' non-GAAP net income was $206.3 million, or $1.44 per diluted share, in FY17, which increased from $132.8 million, or $0.94 per diluted share, in FY16.

Segment Results

During Q4 2017, Entegris' Specialty Chemicals and Engineered Materials (SCEM) segment's sales rose 13.0% to $125.34 million compared to $110.95 million in Q4 2016. The segment recorded a profit of $35.90 million in the reported quarter, up 38.5% versus $25.92 million in the prior year's same quarter.

For Q4 2017, Entegris' Micro-contamination Control (MC) segment recorded revenues of $115.65 million compared to $98.72 million in Q4 2016, reflecting a growth of 17.1%. The segment's profit advanced 40.8% to $44.67 million versus $31.72 million in the year-earlier comparable quarter.

Entegris' Advanced Materials Handling (AMH) segment's sales jumped 10.9% to $109.57 million compared to $98.84 million in Q4 2016. The segment produced a profit of $23.24 million versus $16.64 million in the year-ago corresponding period, representing an increase of 39.7%.

Cash Matters

During Q4 2017, Entegris generated cash from operations less capital expenditure, or free cash flow, of $60.1 million.

Outlook

For the first quarter ending March 31, 2018, Entegris is forecasting sales to be in the range of $355 million to $365 million; a net income of $49 million to $56 million; and a net income per diluted share between $0.34 and $0.39. On a non-GAAP basis, the Company is estimating diluted earnings per share to be in the band of $0.39 to $0.44.

Stock Performance Snapshot

March 01, 2018 - At Thursday's closing bell, Entegris' stock marginally declined 0.45%, ending the trading session at $33.05.

Volume traded for the day: 740.90 thousand shares.

Stock performance in the last three-month ? up 2.80%; previous six-month period ? up 33.81%; past twelve-month period ? up 51.61%; and year-to-date ? up 8.54%

After yesterday's close, Entegris' market cap was at $4.68 billion.

Price to Earnings (P/E) ratio was at 56.02.

The stock has a dividend yield of 0.85%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
 Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors